Question 3 . 3 . ( TCO 2 ) _____ can reduce taxable income . Portfolio income Tax credits Exclusions Passive income Earned income
Question 4 . 4 . ( TCO 2 ) Mary has earned money from a limited partnership , so she would need to report this as _____ income .
passive capital gain portfolio earned excluded
Question 5 . 5 . ( TCO 2 ) George Washburn had earnings from his salary of $ 44,000 , interest on savings of $ 800 , a contribution to a traditional individual retirement account of $ 2,000 , and dividends from mutual funds of $ 600 . George ' s adjusted income ( AGI ) would be
$ 43,400 . $ 44,000 . $ 45,400 . $ 42,000 . $ 42,800 .